Are There Upfront Fees For Selling Your Business - Business Brokers and M&A Firms
If you are small business with earnings under $300K then you would
probably approach a “main street” business broker to sell your
business. It is industry standard practice for business brokers to not
charge an upfront fee. Actually, in most states it is even more than
that – it’s the law. In many states in which business brokerage is
regulated under the department of real estate, brokers are not allowed
to collect upfront fees that are a part of the sales commission. If
they do charge an upfront fee, it has to be for a tangible product or
service such as a formal valuation (not a 5 or 10 page “broker’s opinion
of value”).
If your business need a M&A firm, read on for some excellent advice.
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